Historic Equestrian
For Sale
$10,000,000
40 Independence Road, Red Bank, NJ 07701
Multi-Family, Red Bank, NJ
Property SizeContact for details
Lot Size20.47 Acres
Days on Market186
Property Features for 40 Independence Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential, Agricultural
Bedrooms
16
Bathrooms
12
Full bathrooms
10
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 12, Bedroom 9, Bathroom 2, Bathroom 10, Bedroom 13, Bedroom 4, Bathroom 7, Bedroom 6, Bedroom 14, Bathroom 4, Bathroom 5, Bedroom 16, Bathroom 8, Bathroom 6, Bathroom 11, Bedroom 10, Bedroom 15, Bedroom 11, Basement, Bathroom 3, Bedroom 8, Bathroom 9, Bedroom 5, Bathroom 1, Bedroom 7, Bedroom 2, Bathroom 12, Bedroom 3
Parking features
Oversize
Fireplace
1
Basement
Full
Elementary school
Fairview
Middle school
Bayshore
High school
Middle North
Directions
Cooper Rd to Hillandale to Independence or Chapel Hill Rd to Independence
Subdivision
Locust
Standard status
Active
APN
32-00882-0000-00008
Lot size
20.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
64939
Utilities
Sewer type
Septic Tank
Heating system
Zoned
Cooling system
Central Air
Water source
Public
Building Details
Year built
1932
Number of units
1
Building materials
Stucco
Listing Agency:
Heritage House Sotheby's International Realty
(732) 842-8100
Listed By:
Kelly Zaccaro
(732) 530-2800
Added: Mar 23
Changed: Sep 13
Last Checked: Sep 24 at 10:06PM
MLS# 22607710
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic equestrian estate includes five residences, a clock tower, stone courtyards, Gothic architectural details, tile roofs, oak doors, fountains, and interconnected pebble drives. A small barn with paddocks, granite hitching posts, and landscaped grounds support the property's equestrian character. The improvements date to 1932 and include stucco construction, zoned heating, central air, oversized parking, and fireplaces.
Located at 40 Independence Road in Red Bank, the property is served by public water and a septic tank. The estate was designed by architect Alfred Hopkins, with landscape work by Martha Brookes Hutcheson. Additional site features include meadows, tree-lined areas, and Chapel Hill Road access.
Located at 40 Independence Road in Red Bank, the property is served by public water and a septic tank. The estate was designed by architect Alfred Hopkins, with landscape work by Martha Brookes Hutcheson. Additional site features include meadows, tree-lined areas, and Chapel Hill Road access.
Key Highlights
- Five residences within a historic equestrian estate
- Small barn with paddocks, granite hitching posts, and stone fountains
- Designed by architect Alfred Hopkins with landscapes by Martha Brookes Hutcheson
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
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Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Horse & equestrian property - Historic estate with multiple residences, equestrian improvements, landscaped courtyards, and public water service.
Where is this horse & equestrian property located?
The property is located at 40 Independence Road Red Bank, NJ.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Five residences within a historic equestrian estate; Small barn with paddocks, granite hitching posts, and stone fountains; Designed by architect Alfred Hopkins with landscapes by Martha Brookes Hutcheson
